hold old PPOR or sell

Discussion in 'The Buying & Selling Process' started by B-Man, 2nd Jul, 2015.

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  1. B-Man

    B-Man Well-Known Member

    Joined:
    18th Jun, 2015
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    Location:
    SA
    im trying to work at what what point it its worth holding my old PPOR and renting it out vs selling it.
    id prefer to sell but i dont see it getting what im looking for in this market.

    selling it would release the extra funds and deposit.
    i would have to pay agent selling fees
    any other costs i dont know about?
     
    B-Man, 2nd Jul, 2015
    #1
  2. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

    Joined:
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    Work out all the costs associated with selling. Then work out all the savings of interest on your new PPOR and see how they compare.

    Then factor in lost capital growth and costs of a replacement property.
     
    Terry_w, 2nd Jul, 2015
    #2